Economics

Taxation of Non-Residents and Double Tax Agreements

Introduction Over the years, governments of various countries have been charging taxes on both individuals and organizations. A tax is a levy on income earned by citizens and business organizations. Countries all over the world have had tax arrangements whereby income for an individual living in a country other than...

Managing Change and Creativity

Introduction Organizations seeking to gain a competitive advantage in the future need to focus on mechanisms of changing the manner they conduct their businesses. The most desired change is the one that enables an organization to become more profitable. Profitability may be achieved in various ways. One of the significant...

The Reasons for the Global Financial Crises

Introduction In 2007-08, the world experienced unprecedented financial crises that brought numerous financial systems down on their knees. While many analysts view the causes of the crises as single faceted, many empirical researches point multiple causes of the crises (Krishnamurthy 2010, p.23). Many subprime banks and financial institutions collapsed and...

Fluctuation of the Euro and Market Prices

This paper investigates the available literature on fluctuation of the Euro and European market prices. It elucidates the factors that necessitated the establishment of the European Central Bank with the introduction of common currency. Currently, 17 member states of the European Union use Euro as a single currency. Since its...

Book Building and Auctions in Initial Public Offerings

Introduction Bookkeeping is a phrase referring to the course of capturing, generating, and recording an investor’s interest in the shares of a given company, during an IPO. It may also be done to other securities, during the IPO issuance course, where the practice is geared at realizing efficient price allocation....

Canada’s Financial Experience and Perspectives

Buying the Bonds of the Canadian Government A bond is a fiscal tool employed, by a government or corporation, to borrow funds from an investor for a certain duration (Coyle, 2002). The investor creates money through interest at a certain rate and dates. The investor receives money after the bond...

Tamweel Financial Problem Statement and Recommendations

Kinney, John, Skaife Ashbough, and William Collins. “The discovery and reporting of internal control deficiencies before S0X-mandated audits.” Journal of Accounting and Economics 44.1 (2007): 166-192. Web.  The use of internal control deficiency (ICD) is critical in disclosing mandated audits associated with an internal control problem. Complex operations are associated...

Managing Internal Cost & Controlling Finances

Budgetary Areas Raising Concern in the Budget Planning. Competition Bikes Inc. There are some concerns evident in Competition Bikes Inc.’s budgeting plan. Firstly, the yearly activity is not divided into four portions despite the significance of quarterly budgetary schedules in the realms of financial outputs. Notably, cycling is a seasonal...